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In 2009, the leaders of the world’s largest economies congregated in London for their summit on the recent fiscal crisis. Following well-established precedent (international summits discussing global economic coordination and financial sector reform are more hackneyed than a Miss World pageant), the participants issued a declaration that included language on the need to sustain the progress of global development even in these tough economic times. “We start from the belief that prosperity is indivisible; that growth, to be sustained, has to be shared; and that our global plan for recovery must have at its heart the needs and jobs of hard-working families, not just in developed countries but in emerging markets and the poorest ...

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